[lbo-talk] Unsustainable Statistical Recovery

Doug Henwood dhenwood at panix.com
Sat Jun 26 11:10:22 PDT 2004


Brad Mayer wrote:


>Although rear-view mirror downward revisions have become de rigeur
>for the U.S. Ministry of Finance, this first quarters' is
>particularly egregious.

I'm assuming "Ministry of Finance" is a "joke," but the revisions are neither unusual nor egregious. They're perfectly routine, and have been for decades.

And the benchmark revisions to payroll employment have been much smaller in recent years than they used to be becuase of an improved birth/death model.

Leave the cheap shots at government statisticians to the right-wing know-nothings, where they belong.

Doug



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